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Property profile & analytics
FOR LEASE
Warehouses
4630 50Th St Lubbock, TX 79414
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US82-3269516
For Lease
1 / 7
$400/Mo
4630 50Th St, Lubbock, TX 79414
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Property summary
AI-generated overview
This exceptional Class B office building, the Tuscan Tower, presents a compelling investment opportunity in Lubbock, Texas. Located at 4630 50th St, this six-story structure boasts 66,181 total square feet, with 55,803 square feet of net rentable space, priced at $74.80 per square foot. Built in 1980 and extensively renovated in 2010, the building offers a blend of classic charm and modern functionality. The property sits on a 3.25-acre lot and features ample parking with 136 spaces. The building is zoned C-2, providing flexibility for various commercial uses. Key features include two passenger elevators and an 8-foot ceiling height. The second floor is currently vacant, presenting an ideal opportunity for an owner-occupant. With its strategic location in Lubbock County, Texas, zip code 79414, and substantial square footage, the Tuscan Tower represents a significant investment in a thriving Texas market. The asking price for this impressive property is $3,500,000. APN: R27367.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
69,024 SF
Lot
3.25 ac (141,577 SF)
Zoning code
38
APN
R27367
UPID
US82-3269516
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Beacon of Redemptive Power Counselor
-
Red Line Music Center Vocational School Training Center
-
Christy Oden Counselor
-
Next Level Counseling PLLC Counselor
-
Jennifer Heisser Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.82M
Owner & transaction history
Rehab Properties LLC · 19 yrs held
Rehab Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+35.5%
Retail stores
$4.4M
+28.3%
Commercial (general)
$4.0M
+17.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lubbock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lubbock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,425,000
Current use
RESTAURANT
$4,640,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$4,395,000
Change: +28% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,015,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,765
Tax year 2023
Assessed value
$3,332,133
Assessed 2024
Previous assessed
$3,332,133
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$707,885
Assessed improvement
$2,624,248
Land market value
$707,885
Improvement market value
$2,624,248
Total market value
$3,332,133
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1992
Heating
NONE
Total area
69,024 SF
Lot
3.25 ac (141,577 SF)
Zoning code
38
APN
R27367
UPID
US82-3269516
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TX
Zoning 38 · permitted uses
38 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lubbock. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.4M
RESTAURANT
Est. value
$4.6M
RETAIL STORES
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.0M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Lot
3.25 ac
Current owner
From public records · entity-resolved
Rehab Properties LLC
Entity
Mailing address
4630 50TH ST STE #618, LUBBOCK, TX 79414-3520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
This Mission Companies LLC
—
Deed
related
$200,000 · Centennial Bank
Apr 28, 2017
—
Rehab Properties LLC
—
Deed
related
$2,995,000 · Happy Sts Bk
Apr 18, 2007
—
Rehab Properties LLC
Fleming Howard
Special Warranty Deed
$3,170,000 · Wells Fargo Bank NA
Jun 29, 2006
—
Rehab Properties LLC
—
Trustees Deed
related
$140,000 · Texstar Bank
Apr 1, 2004
—
Owner Name Unavailable
Gkw Properties Ltd
Warranty Deed
related
—
—
—
Rehab Properties LLC
—
Deed Of Trust
related
$3,195,000 · Texstar Bank
—
—
Rehab Properties LLC
—
Deed Of Trust
related
$2,995,000 · Happy Sts Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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